Chesapeake Energy Corporation (CHK) : Aristeia Capital scooped up 329,274 additional shares in Chesapeake Energy Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,031,914 shares of Chesapeake Energy Corporation which is valued at $5,180,208.Chesapeake Energy Corporation makes up approximately 1.10% of Aristeia Capital’s portfolio.
Other Hedge Funds, Including , Two Sigma Advisers Lp sold out all of its stake in CHK during the most recent quarter. The investment firm sold 3,579,267 shares of CHK which is valued $17,967,920.Vanguard Group Inc boosted its stake in CHK in the latest quarter, The investment management firm added 6,754,588 additional shares and now holds a total of 56,159,572 shares of Chesapeake Energy Corporation which is valued at $281,921,051. Chesapeake Energy Corporation makes up approx 0.02% of Vanguard Group Inc’s portfolio.Montgomery Investment Management Inc reduced its stake in CHK by selling 1,500 shares or 1.52% in the most recent quarter. The Hedge Fund company now holds 97,470 shares of CHK which is valued at $489,299. Chesapeake Energy Corporation makes up approx 0.23% of Montgomery Investment Management Inc’s portfolio.Gabelli Funds reduced its stake in CHK by selling 10,000 shares or 14.71% in the most recent quarter. The Hedge Fund company now holds 58,000 shares of CHK which is valued at $283,620.V Wealth Managementllc reduced its stake in CHK by selling 1,025 shares or 3.61% in the most recent quarter. The Hedge Fund company now holds 27,344 shares of CHK which is valued at $129,611. Chesapeake Energy Corporation makes up approx 0.10% of V Wealth Managementllc’s portfolio.
Chesapeake Energy Corporation closed down -0.1 points or -1.57% at $6.25 with 2,80,84,797 shares getting traded on Thursday. Post opening the session at $6.23, the shares hit an intraday low of $6.15 and an intraday high of $6.35 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Chesapeake Energy Corporation reported $-0.14 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.10. The company had revenue of $1622.00 million for the quarter, compared to analysts expectations of $970.48 million. The company’s revenue was down -53.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.11 EPS.
Many Wall Street Analysts have commented on Chesapeake Energy Corporation. Chesapeake Energy Corporation was Upgraded by CapitalOne to ” Equal Weight” on Aug 16, 2016. Company shares were Reiterated by Barclays on Aug 16, 2016 to “Underweight”, Firm has raised the Price Target to $ 3 from a previous price target of $1 .Chesapeake Energy Corporation was Upgraded by Johnson Rice to ” Accumulate” on Jul 27, 2016.
Chesapeake Energy Corporation is a producer of natural gas oil and natural gas liquids (NGL) in the United States. The Company operates in two segments: Exploration and Production and Marketing Gathering and Compression. The exploration and production segment is responsible for finding and producing oil natural gas and NGL. The marketing gathering and compression operating segment is responsible for marketing gathering and compression of oil natural gas and NGL. The Company owns interests in approximately 45100 oil and natural gas wells that produced an average of approximately 729 thousand barrels of oil equivalent (mboe). The Company also own oil and natural gas marketing and natural gas gathering and compression businesses. As of December 31 2014 the Company held an interest in approximately 45100 gross productive wells including 33600 properties in which it held a working interest and 11500 properties in which it held an overriding royalty interest.